Permits have been filed for an 11-story residential building at 656 East 176th Street in East Tremont, Bronx. Located between Belmont Avenue and Crotona Avenue, the corner lot is about ten city blocks west of the 174th Street subway station, serviced by the 2 and 5 trains. Radame Perez of Mastermind is listed as the owner behind the applications.
The Bronx is booming across all corners, and now in East Tremont, the city has officially broken ground on a major new mixed-income affordable housing development, dubbed Tremont Renaissance, at 4215 Park Avenue. Bound by Webster, East Tremont, and Park avenues, the building will rise on a 60,000-square-foot lot, containing 40,000 square feet of ground floor commercial space and 256 residential units above. Apartments will rent to individuals making between $38,100 and $76,200, and families of three making between $48,960 and $97,920; half of the units will rent to low-income families, while the other half will go to moderate-income tenants. Mastermind Development is behind the project, alongside HPD and HDC, and Joy Construction will be building it.
Mastermind Ltd. is currently developing a two-story, 57,450 square-foot commercial building at 766 Westchester Avenue, in the South Bronx neighborhood of Woodstock. According to Crain’s, the South Bronx Early College Academy Charter School reached a deal with the developer to lease the entire building, which amounts to 38,000 square feet of leasable space. The new location will allow to the school to accommodate 300-plus students enrolled in the sixth to eighth grades. The building should cost about $14 million and is expected to be completed in 2017. David Danois’ architecture firm is the architect of record.